Company Law
Subject Overview
Company Law walks through the Companies Act 2013 — the legal backbone of every corporate entity a B.Com graduate will encounter. You'll cover the nature and types of companies, formation and incorporation, the Memorandum and Articles of Association, and the mechanics of share capital and company management (directors, DIN, meetings). The paper closes with dividends, accounts, audit provisions, and winding up, including the role of the NCLT and NCLAT. This is a 6-credit core paper across 4 units, and it directly builds on Corporate Accounting and Mercantile Law from earlier semesters.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Nature & formation of a company
Definition and characteristics of a company, lifting the corporate veil, company vs. partnership, types of companies (one person, small, associate, dormant, producer), steps in incorporation, promoters and pre-incorporation contracts, online registration
Unit 2: Memorandum, articles & prospectus
Meaning, form, contents and alteration of the Memorandum of Association, relationship between MOA and AOA, meaning and statutory requirements of a prospectus
Unit 3: Share capital & company management
Kinds and alteration of share capital, allotment, share certificates and warrants, calls, forfeiture and transfer of shares, borrowing powers and debentures, classification of directors, DIN, appointment and removal of directors, meetings of shareholders and the board, e-voting
Unit 4: Dividends, accounts, audit & winding up
Provisions relating to dividend payment, books of account and audit, auditor appointment and rotation, secretarial audit, concept and modes of winding up, National Company Law Tribunal (NCLT) and Appellate Tribunal (NCLAT)